---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-021920"
form_type: "8-K"
ticker: "CLPR"
cik: "0001649096"
company_name: "Clipper Realty Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:32:42.831750+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Clipper Realty Q2 revenue record $34.5M; net loss $3.3M; Flatbush Gardens 40-year HPD deal

## Summary
- Record quarterly revenue of $34.5M, up 8.3% YoY; record NOI of $19.2M.
- Net loss of $3.3M ($0.10 per share) vs loss of $3.0M ($0.08) a year ago.
- AFFO of $5.5M, highest in three years; dividend declared $0.095 per share.
- Same-store leased occupancy 99.2%, collection rate 96.3%; Pacific House 77% leased.
- Flatbush Gardens entered 40-year Article 11 regulatory agreement with NYC HPD, providing tax exemptions and enhanced reimbursements.

## SEC filing metadata
- accession: 0001437749-23-021920
- form_type: 8-K
- ticker: CLPR
- cik: 0001649096
- company_name: Clipper Realty Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649096/000143774923021920/0001437749-23-021920-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649096/000143774923021920/clpr20230802_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-021920
- JSON: https://secwatch.observer/filing/0001437749-23-021920.json
- Plain text: https://secwatch.observer/filing/0001437749-23-021920.txt

## Key facts
- Earnings Releases
  Clipper Realty Inc. reported the three months ended June 30, 2023 results: revenue $34.5 million, net income ($3.3 million), EPS $0.10 per share.
  - Period: the three months ended June 30, 2023
  - Revenue: $34.5 million
  - Net income: ($3.3 million)
  - EPS: $0.10 per share
  - Result: reported results
  source text: Highlights for the Three Months Ended June 30, 2023 ● Record quarterly revenues of $34.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649096/000143774923021920/0001437749-23-021920-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.